Land Prices in Three Provinces Change Within Six Months

• 24 December 2018
• Local News
• 6404 Views

Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018.

A recent land evaluation report by real estate firm Key Real Estate shows how average land prices for three provinces of Phnom Penh, Sihanoukville, and Siem Reap have changed.

According to the report, among the 12 districts in Phnom Penh, the most expensive land is in Daun Penh district with PhsarThmey commune having an average land price between US$5,500-US$12,000 per square metre for those along the main road. The least expensive land is in Prek Pnov district where the average land price in Pon Saing commune cost between US$20-US$300 per square metre for land along the main road.

In Sihanoukville province, the price of land has increased dramatically, and the highest land price is in Sangkat (commune) 04 among the four communes that were evaluated. The price of land in Sangkat 04, along Independence Road, is between US$1,500-US$3,000 per square metre. In contrast, Sangkat 01 has the least expensive land with an average price of only between US$200-US$800 per square metre for land along the main roads.

Meanwhile, in the land of Angkor in Siem Reap, land prices have been divided for nine different zones in both districts. The highest land prices are in Zone A, with an average price between US$3500-US$5,500 per square metre for land along the main road. The lowest prices are in Zone I, which costs between US$300-US$1,000 per square metre for land along the main road.

According to Key Real Estate, the report is updated every six months, and the data received is based on the results of daily compilation which is then inputted into the company’s calculation formula.

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